He developed these ideas later in his Economics of Overhead Costs.
On Mon, Oct 30, 2006 at 10:34:24AM -0800, soula avramidis wrote: > JMClark was son of the equally famous JBClark his doctoral thesis (Standards > of Reasonableness in Local Rate Discriminations). concerned the regulation of > railroad rates. Banks, like railroads. are characterised by high shares of > fixed in total costs. In the absence of agreed methods of allocating these > fixed costs amongst their different services banks' pricing is widely > accepted as having an arbitrary, ad hoc character, and banking is an industry > with widespread cross-subsidisation. Clark's work helped a colleqgue once > understand US charges during the Uruguay Round that Japanese banks - Nomura > in particular - were dumping their services in the US market. > > > ----- Original Message ---- > From: Jim Devine <[EMAIL PROTECTED]> > To: PEN-L@SUS.CSUCHICO.EDU > Sent: Tuesday, October 24, 2006 3:37:40 PM > Subject: Re: Seth Sandronsky Interviews Michael Perelman! > > > can you summarize J.M. Clark's main contributions? > > On 10/24/06, soula avramidis <[EMAIL PROTECTED]> wrote: > > John Maurice Clark, the American institutionalist, addressed his pioneering > > work, Studies in the Economics of Overhead Costs, to the problems discussed > > here. he had few followers among either conventional or non-conventional > > (including Marxian) economists. > > -- > Jim Devine / " Why should we hear about body bags, and deaths...I > mean, it's not relevant. So why should I waste my beautiful mind on > something like that?" Barbara Bush > > (urban myth? no. See http://www.snopes.com/politics/quotes/barbara.asp) > -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com
